Explicit Finance Limited Stock Forecast

Explicit Finance Limited stock price ended at ₹6.00 on Friday, after losing 2.91%.
(Updated on May 10, 2024)

EXPLICITFIN.BO Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Explicit Finance Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹6.80 and ₹6.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -30.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Explicit Finance Limited stock

Explicit Finance Limited finds support from accumulated volume at ₹5.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.83%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EXPLICITFIN.BO) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Explicit Finance Limited to open at ₹6.00, and during the day (based on 14 day Average True Range), to move between ₹5.59 and ₹6.41, which gives a possible trading interval of +/-₹0.409 (+/-6.82%) up or down from last closing price. If Explicit Finance Limited takes out the full calculated possible swing range there will be an estimated 13.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹5.95 (0.83%) than the resistance at ₹6.18 (3.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Explicit Finance Limited stock A Buy?

The Explicit Finance Limited stock holds several negative signals and despite the positive trend, we believe Explicit Finance Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.301 Sell Candidate Unchanged

Predicted Opening Price for Explicit Finance Limited of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.